Member Sign In

You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.

If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.

Starwood Expands Element in Miami

In order to boost its domestic portfolio, leading hotelier Starwood Hotels & Resorts Worldwide Inc. is set to unveil its second Element branded hotel in Miami. Christened Element Miami Doral, the hotel is slated to open in Jul 2015 as part of a dual-hotel development with Aloft Miami Doral, unveiled in March last year. Aloft is Starwood’s mid-scale and contemporary lifestyle brand.

The 139-room property, owned by Eurocon, LLC, will be located in Doral, in north-central Miami. Situated at a stone’s throw away from popular business and shopping hubs, the hotel will also be in close proximity to major tourist attractions such as the Miami Zoo and Miami Sea Aquarium. We believe the upscale and strategic location of the property will act as major crowd-pullers for the hotel.

Starwood’s Leadership in Energy and Environmental Design (LEED) certified, eco-sustained contemporary brand, Element was launched in 2008. In its six-year journey, the brand has gained strength and popularity, thanks to guest satisfaction. Currently, the brand boasts as many as 10 hotels across the U.S. and Canada.

Further, the hotelier is developing one property each in Germany and China under the eco-friendly brand. These hotels are slated to be opened in 2014 and 2015, respectively.

The Element brand, known for its sustainability and style, mainly caters to the value-conscious guests and strikes a balance between corporate and leisure travelers. Therefore, Miami is an ideal choice as it is an important corporate hub, with offices of the US Federal Reserve Bank, US Southern Command as well as cruiser company – Carnival Corp. (CCL - Free Report) . Additionally, the city is also a popular tourism hub, with famous beaches, such as the South Beach.

Resources

Client Support

Follow Us

Zacks Research is Reported On:

Yahoo

MSN

Marketwatch

Nasdaq

Forbes

Investors.com

Morningstar

Copyright 2017 Zacks Investment Research

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +25% per year. These returns cover a period from 1988-2016. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zack Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

Visit performance for information about the performance numbers displayed above.